Word: assets
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...which has $67 billion in assets, is the biggest of all corporate elephants; by comparison, MCI, whose principal asset is a $64 million line of bank credit, is scarcely even a gnat. Yet MCI last week bested Ma Bell in a court test that, in the eyes of A T & T officials, makes it a serious competitor. AT&T Chairman John D. deButts is, in his own words, "marching up and down the land" complaining to business audiences about the unfairness...
Mayor Sullivan, who plans to run for Middlesex county sheriff, termed his new post "a definite asset" for the race. "Vellucci and Danehy are still my close friends," he said. "But they must realize I act as an independent politician...
Meeting with Republican Congressmen at the White House last week, the President of the U.S. made a painful confession. As a "political realist." Richard Nixon acknowledged, "I might be a liability and not necessarily an asset in the [1974] election...
Investors are wary of sinking money into an industry whose most visible asset-access to foreign crude oil-is threatened with nationalization. They are reluctant to risk their savings in an industry that attracts heated criticism -and invites price rollbacks-when it rolls up an unusual profit. Moreover, the oil companies are falling deeper into debt. A top Manhattan banker reports that 37 of the largest U.S.-owned oil companies have been forced to finance an increasing portion of their capital expansions by going into long-term debt because of difficulty in raising funds through the preferred method of selling...
Despite their differences, both cases illustrate a persistent legal trend. Until a few years ago, a cop who testified with assurance was a prosecutor's best asset. Today, the badge is sometimes a downright liability...